Can A Bus Driver Afford Rent in Waterloo, IA?
Comfortably affordable — rent takes 22.6% of gross income.
Waterloo rent: June 2026. Salary: BLS OEWS May 2024 (Iowa state estimate).
About rent and a bus driver salary
Transit bus driver pay sits near the US median household income, with municipal and unionized routes often paying more. At the national-average bus driver salary, the 30% rule supports about $1,296 a month in rent.
Cheaper rent nearby
These Iowa cities have lower median rent than Waterloo, which improves the affordability math on a bus driver salary:
Compare with full rent data for Waterloo
View full rent data for Waterloo, IA →Frequently asked questions
Can a bus driver afford rent in Waterloo, IA?
Median rent in Waterloo is $898 a month. A typical bus driver in Iowa earns about $47,674 a year, which makes that rent 22.6% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a bus driver afford in Waterloo?
Using the 30% rule, a bus driver salary in Iowa (~$47,674/yr) supports up to $1,192 a month in rent. Waterloo's current median rent is $898/mo, which leaves a $294/mo buffer.
How many hours does a bus driver work to cover rent in Waterloo?
At an hourly equivalent of about $23 an hour, a bus driver in Iowa works roughly 39.2 hours a month to cover Waterloo's median rent of $898.
Where is rent cheaper than Waterloo for a bus driver?
Nearby Iowa cities with lower median rent include Cedar Rapids ($897/mo), Marshalltown ($893/mo), Newton ($887/mo). Each shifts the affordability math materially on a bus driver salary.